OMX will strengthen the competitiveness of the Nordic capital market and the Nordic Exchange by reducing its cash equity trading fees. As of 1 January, 2008, the fees for cash equity trading will be reduced by 20% on average in Stockholm, Copenhagen and Helsinki.
The changes in the fee structure are being introduced in order to further increase liquidity and boost trading on the Nordic Exchange.
As a result of this, OMX will now lower the cash equity trading fees on the Nordic Exchange to make the Nordic capital market more appealing for global investors. Comparisons have show that the equity trading fees will be somewhat competitive in a European context.
In order to stimulate new trading behavior, OMX will also make structural changes in the price list. Moreover, the trading fees for some of the Nordic Exchange’s most traded shares will be reduced. “Nordic Exchange will strengthen the Nordic capital market and harmonize the exchange’s offer to customers further, by reducing the fees of cash equity trading by 20% on average. We will also make the exchange even more competitive through an attractive tender to encourage the new trading behavior, such as algorithmic trading. The changes in the price list are expected to increase trading on the Nordic Exchange,” says Jukka Ruuska, president, Nordic Marketplaces. The Nordic Exchange has already reduced the fees of trade reporting for off-exchange trading by 75% and will now also reduce the on-exchange trading fees. An average equity trade at the Nordic Exchange is SEK 213,000 and the average cost of that trade will change from SEK 9.8 to 7.8, after the fee-change.
The fee list will be open and transparent to all customers, without exceptions.